Determining the Interruptible Load with Strategic Behavior in a Competitive Electricity Market

In a deregulated market, independent system operators meet power balance based on supply and demand bids to maximize social welfare. Since electricity markets are typically oligopolies, players with market power may withhold capacity to maximize profit. Such exercise of market power can lead to vari...

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Main Authors: Tae Hyun Yoo, Hyeongon Park, Jae-Kun Lyu, Jong-Keun Park
Formato: Artigo
Idioma:Inglês
Publicado em: MDPI AG 2014-12-01
Colecção:Energies
Assuntos:
electricity market
demand response
interruptible and curtailable load
market efficiency
market power
social welfare maximization
Cournot equilibrium
Acesso em linha:http://www.mdpi.com/1996-1073/8/1/257
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